v3.19.2
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues, net of allowances        
Total revenues, net of allowances $ 4,754,340 $ 4,537,354 $ 9,776,811 $ 8,465,479
Cost of Goods Sold        
Total cost of goods sold 3,577,418 3,452,339 7,422,175 6,415,030
Gross profit 1,176,922 1,085,015 2,354,636 2,050,449
Operating expenses:        
Selling, general and administrative expenses 2,528,461 1,414,755 5,258,003 2,743,820
Litigation expense 1,192,488 1,192,488
Research and development 666,448 470,007 1,130,043 855,424
Total operating expenses 3,194,909 3,077,250 6,388,046 4,791,732
Loss from operations (2,017,987) (1,992,235) (4,033,410) (2,741,283)
Other income (expense)        
Interest expense (86,275) (724,020) (168,538) (1,387,658)
Change in fair value of warrant derivative 2,111,684 4,709,583
Total other income (expense) 2,025,409 (724,020) 4,541,045 (1,387,658)
Net income (loss) 7,422 (2,716,255) 507,635 (4,128,941)
Common stock deemed dividend (2,137,190)
Net income (loss) attributable to common stockholders $ 7,422 $ (2,716,255) $ (1,629,555) $ (4,128,941)
Basic and diluted net loss per share attributed to common stockholders        
Basic net loss per common share $ 0.00 $ (0.74) $ (0.11) $ (1.12)
Basic weighted average common shares outstanding 19,042,699 3,679,500 15,388,342 3,679,500
Diluted net loss per common share $ 0.00 $ (0.74) $ (0.41) $ (1.12)
Diluted weighted average common shares outstanding 19,042,699 3,679,500 15,516,181 3,679,500
Metal Goods [Member]        
Revenues, net of allowances        
Total revenues, net of allowances $ 2,274,978 $ 1,756,860 $ 3,916,250 $ 3,858,840
Cost of Goods Sold        
Total cost of goods sold 1,680,762 1,428,120 2,974,433 3,056,697
Soft Goods [Member]        
Revenues, net of allowances        
Total revenues, net of allowances 2,479,362 2,780,494 5,860,561 4,606,639
Cost of Goods Sold        
Total cost of goods sold $ 1,896,656 $ 2,024,219 $ 4,447,742 $ 3,358,333

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